1503 Elvas WAY, Austin TX 78758

Looking at what buyers have actually paid for similar homes nearby, this property comes in at approximately $579,034. To generate strong buyer interest while maximizing value, I'd price this between $610,000 and $620,000. Against 4 similar active listings in GRACYWOODS, this price point lands at the 2nd most expensive of 4 comparable homes on the market. The larger floor plan (263 sqft compared to the average comp) is a meaningful differentiator in this price range. At 0.22 acres, the lot is larger than the 0.18 acre comp average, which factors into pricing. The active market in GRACYWOODS includes 4 comparable homes priced from $475,000 to $599,999. The trend in GRACYWOODS shows prices have fallen 2.9% in the past 6 months. 12049 Lincolnshire DR, Austin TX 78758 nearby adjusts to $634,149; with a smaller floor plan. The 7 comps used here provide a solid foundation for this valuation. Keep in mind, I have not personally inspected this property. The numbers are data driven, not firsthand. Questions about this property or this area? Reach out anytime. Ed Neuhaus, Neuhaus Realty Group